Mexican authorities have opened the country’s largest oil refinery as part of their efforts to support production and meet growing global demand for oil.

President Andrés Manuel López Obrador said in a statement that “The refinery, which will become operational in 2023, will make a significant contribution to achieving Mexico’s energy sovereignty in the face of growing domestic and global demand for oil”, noting that “the refinery is one of strategic projects in this area. Energia is currently focused on boosting production in the state of Tabasco, one of the country’s most important sources of oil, with a production capacity of 340,000 barrels per day.

Mexico’s oil production has almost doubled as a result of a government plan to increase production and reduce exports to achieve self-sufficiency, but the global energy crisis caused by the war in Ukraine has boosted Mexico’s crude oil exports to around one million barrels per day. day.